DaimlerChysler and NABOB Establish Fellowship Program to Get Minorities on the Road to Media Ownership

DaimlerChrysler has teamed up with the National Association of Black Owned Broadcasters (NABOB) to establish the NABOB DaimlerChrysler Management Fellowship Program, an initiative designed to make the road to radio and television station ownership a little less rocky for minority broadcasters. The announcement was made during NABOB's 21st Annual Communications Awards Dinner last week when DaimlerChrysler presented NABOB with a check for $50,000 to mark a two-year commitment to the program.
 
Please find below and attached a news release and photo that you can use in your publications. The cutline for the photo is pasted at the end of this message. For more information, please feel free to contact me.
 
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                                                          Contact:      Angela Spencer Ford, (248) 512-2986 

                                                                                    Tracy A. Walker, (313) 657-7018

                                                                                       Linda A. Smith, (301) 265-5386

 

DaimlerChrysler Partners with National Association of Black Owned Broadcasters to Establish New Fellowship to Help Minorities on the Road to Media Ownership

 

·        Automaker commits $50,000 to establish Fellowship

·        Fellowship announced at 21st Annual NABOB Awards Dinner

 

Washington, D.C. — DaimlerChrysler has announced a new partnership with the National Association of Black Owned Broadcasters (NABOB) to establish the NABOB DaimlerChrysler Management Fellowship Program making the road to radio and television station ownership a little less rocky for minority broadcasters. The announcement was made during NABOB's 21st Annual Communications Awards Dinner held March 11, 2005, at the Marriott Wardman hotel in Washington, D.C. 

 

The Fellowship Program, offered by DaimlerChrysler, is an educational program established to increase the number of minorities in communication industry leadership positions. Specifically, DaimlerChrysler has agreed to sponsor a number of fellowships through NABOB as a resource to help minorities on the track to media ownership. 

 

“We believe this fellowship will establish new opportunities for mid-level managers to receive the knowledge and experience necessary for future ownership,” said Frank Fountain, DaimlerChrysler Senior Vice President - External Affairs and Public Policy (Auburn Hills). “DaimlerChrysler is proud to work with visionary organizations like NABOB who recognize the value in paving the road for future owners.”

 

Each year, two fellows will go through a rigorous two-year program to learn the laws governing U.S. airwaves, the requirements of financial institutions to obtain funding and understanding the nuances of running a media operation, from managing on-air personalities to hiring engineers and training advertising sales staff.

 

The first two fellowships are slated to be announced this September at NABOB's Fall Conference. DaimlerChrysler also has agreed to host a “Fellows Retreat” at its corporate headquarters in Auburn Hills, Michigan, where fellows will have an opportunity to meet with corporate representatives and glean from their corporate knowledge.

 

NABOB is the first and largest trade organization representing the interests of African-American owners of radio and television stations across the country. The association was organized in 1976 by a small group of African-American broadcasters who desired to establish a voice and a viable presence in the industry and to address specific concerns facing African-American broadcasters. NABOB is a non-profit corporation and is governed by a volunteer board of directors elected by its members. Day-to-day operations of the association are carried out at its headquarters in Washington, D.C.

 

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Additional information and news from DaimlerChrysler are available on the Internet at: www.media.daimlerchrysler.com

 
 
Cutline for Photo:
 
Angela Spencer Ford, Chrysler Group Communications Manager of Diversity, presents a $50,000 check to Jim Winston, NABOB Executive Director and General Council, for a newly-established Fellowship program to increase minority television and radio ownership.